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Analysts Offer Insights on Utilities Companies: Chevron (CVX), Conocophillips (COP) and Birchcliff Energy (OtherBIREF)

Analysts have been eager to weigh in on the Utilities sector with new ratings on Chevron (CVXResearch Report), Conocophillips (COPResearch Report) and Birchcliff Energy (BIREFResearch Report).

Chevron (CVX)

RBC Capital analyst Biraj Borkhataria maintained a Hold rating on Chevron on May 11 and set a price target of $160.00. The company’s shares closed last Thursday at $164.71, close to its 52-week high of $174.76.

Borkhataria has an average return of 9.0% when recommending Chevron.

According to TipRanks.com, Borkhataria is ranked #3331 out of 7861 analysts.

Currently, the analyst consensus on Chevron is a Moderate Buy with an average price target of $171.38, which is a 5.0% upside from current levels. In a report issued on May 2, Truist Financial also maintained a Hold rating on the stock with a $181.00 price target.

See today’s best-performing stocks on TipRanks >>

Conocophillips (COP)

RBC Capital analyst Scott Hanold maintained a Buy rating on Conocophillips on May 11 and set a price target of $127.00. The company’s shares closed last Thursday at $99.60, close to its 52-week high of $107.71.

According to TipRanks.com, Hanold is a top 100 analyst with an average return of 25.2% and a 61.6% success rate. Hanold covers the Utilities sector, focusing on stocks such as Centennial Resource Development, Whiting Petroleum Corporation, and California Resources Corp.

Currently, the analyst consensus on Conocophillips is a Strong Buy with an average price target of $128.69, which is a 30.7% upside from current levels. In a report issued on May 5, Mizuho Securities also maintained a Buy rating on the stock with a $150.00 price target.

Birchcliff Energy (BIREF)

In a report released yesterday, Michael Harvey from RBC Capital maintained a Buy rating on Birchcliff Energy, with a price target of C$12.00. The company’s shares closed last Thursday at $7.42, close to its 52-week high of $8.34.

According to TipRanks.com, Harvey is a 5-star analyst with an average return of 23.1% and a 51.7% success rate. Harvey covers the Utilities sector, focusing on stocks such as Crescent Point Energy, Paramount Resources, and Advantage Energy.

Birchcliff Energy has an analyst consensus of Strong Buy, with a price target consensus of $9.54, which is a 28.3% upside from current levels. In a report released yesterday, BMO Capital also maintained a Buy rating on the stock with a C$11.50 price target.

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